It also warned US businesses in an advisory issued Friday of the “growing risks” posed by the governments in Beijing and Hong Kong.
The release of the advisory and sanctions are likely to further inflame tensions between Washington and Beijing. A Chinese spokesman, asked about the pending measures earlier Friday, blasted US “interference” and said China would “respond strongly.”
In a statement Friday, Secretary of State Antony Blinken said, “over the past year, People’s Republic of China (PRC) and Hong…
China, the world’s biggest source of greenhouse gas pollution, opened a national carbon emissions trading market on Friday, a long-awaited step aimed at fighting climate change.
The market turns the power to pollute into an allowance that can be bought and sold, and is part of an array of policies that the Chinese government is putting in place as it tries to demonstrate its commitment to significantly reducing carbon dioxide emissions in the coming decades.
Here is how the program…
Beijing to take ‘necessary measures’ to respond to Washington blacklisting Chinese companies over Uighur treatment.
China has said it will take “necessary measures” to respond to the blacklisting of Chinese companies by the United States over their alleged role in abuses of Uighur people and other Muslim ethnic minorities.
The Commerce Ministry said the US move constituted an “unreasonable suppression of Chinese enterprises and a serious breach of international economic and trade rules”.
China will “take necessary measures to firmly…
China moved on Saturday toward requiring domestic tech companies to submit to a cybersecurity checkup before they can go public on overseas stock exchanges, a step that would close the regulatory gap that allowed the ride-hailing giant Didi to list shares on Wall Street last week without getting a clean bill of digital health from Beijing.
On July 2, two days after Didi’s shares began trading on the New York Stock Exchange, China’s internet regulator ordered the company to stop…
HONG KONG—China said Friday that it would release more liquidity into the financial system as inflation worries showed signs of ebbing, replaced by concerns that the recovery is slowing more quickly than expected.
On Friday, China’s central bank said it would lower the amount of funds that banks have to set aside, effectively freeing up $154 billion (1 trillion yuan) for banks to lend. The decision by the People’s Bank of China to slash its reserve requirement ratio by 0.5…
The country’s extraordinary clampdown on Didi has focused on allegations that the ride-hailing company has mishandled sensitive data about its users in China.
Already, the company that elbowed Uber out of China has been kicked off app stores in the country and warned that it violated laws about data collection. The regulatory pressure has upended its first days as a publicly traded company in New York, with shares plummeting nearly 20% on Tuesday and retreating even more on Wednesday. All…
For Chinese diplomats, attack remains the best form of defense.
Faced with a rising barrage of international condemnation over its alleged abuses in Xinjiang, China appears intent on returning fire, calling on Western nations to acknowledge their own complicated human rights records before criticizing Beijing.
On Tuesday, China urged the United Nations Human Rights Council to carry out a “thorough and impartial investigation” into Canada’s treatment of its Indigenous people, after the remains of hundreds of children were found in…
Internet infrastructure operators like Didi must now prove their political and legal legitimacy to the government, Ma Changbo, an online media start-up founder, wrote on his WeChat social media account.
“This is the second half of the U.S.-China decoupling,” he wrote. “In the capital market, the model of playing both sides of the fence is coming to an end.”
Didi, Ms. Liu and Mr. Liu didn’t immediately respond to requests for comment.
China’s internet companies have benefited from the best…
As China celebrated the success of its first spacewalk outside the new Tiangong space station on Sunday, the country’s main aerospace company was drawing attention online for a very different reason.
The state-owned China Aerospace Science and Technology Corporation (CASC) has faced a backlash after news emerged that a Communist Party official at its subsidiary had allegedly attacked two prominent space scientists — including an 85-year-old woman.
The alleged brutal assault, which took place in early June, was brought to…
Three Chinese astronauts docked with the country’s still-under-construction space station on Thursday, beginning what their government expects will be a decade or more of continuous presence by Chinese astronauts in Earth’s orbit.
Six hours and 32 minutes after the astronauts blasted off from a base in the Gobi Desert on a clear, sunny morning, their spacecraft, Shenzhou-12, docked with the station’s core module.
“It was a perfect rendezvous and docking process,” Sun Jun, deputy director of the Beijing Aerospace Flight…
